§53717. Management of funds in the Treasury — Inbound Citations
46 U.S.C. § 53717
Cited by 6 provisions in release 119-102.
Citations to 46 U.S.C. § 53717 as a whole
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(B) an obligation eligible for investment of funds under section 53715(f) or 53717 of this title.
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(ii) was acquired by the Federal Ship Financing Fund or successor account under section 53717 of this title; or
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(2) If a payment becomes due under the guarantee before the termination of the escrow agreement, the amount in the escrow fund at the time the payment becomes due, including realized income not yet paid to the obligor, shall be paid into the appropriate account under section 53717 of this title. The amount shall be credited against amounts due or to become due from the obligor to the Secretary or Administrator on the guaranteed obligations or, to the extent not so required, be paid to the obligor.
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(b) If amounts in the appropriate account under section 53717 of this title are not sufficient to make a payment required under section 53721 or 53722 of this title, the Secretary or Administrator may issue obligations to the Secretary of the Treasury. The Secretary or Administrator, with the approval of the Secretary of the Treasury, shall prescribe the form, denomination, maturity, and other terms (except the interest rate) of the obligations. The Secretary of the Treasury shall set the interest rate for the obligations, considering the current average market yield on outstanding marketable obligations of the United States Government of comparable maturities during the month before the obligations are issued.
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(d) The Secretary or Administrator shall deposit amounts borrowed under this section in the appropriate account under section 53717 of this title and make redemptions of the obligations from that account.
Citations to §53717(b)(1)
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(1) There is a special subaccount, known as the OTEC Demonstration Fund, in the account established under section 53717(b)(1) of this title.